iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,471 Blog Posts

Never Short a Dull Market — Getting Long Here

Stocks opened down sharply, rallied, and then flatlined for hours. In the meantime, there is an under-current of strength found in tech and biotech.

Most of the weakness is concentrated in industrials and finance — setting up what I believe will be a niche trade. I just went long 9 stocks, heavily weighted towards tech. I do not have shorts — because dull markets usually succumb to bull-tards. The day is young and the trend can change from now until the bell; but I doubt it.

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5 comments

  1. narcist

    @rigged game

    You’re just really ignorant about how “REAL money” is made.

    I could have set the maximum drawdown to $100000 (which I often go beyond during the regular hours) and fetched quite a lot more in the first 3 hours last night, but not producing 10 times the profits because for the simple fact that the markets aren’t that “deep” on Sunday nights–especially not for forex futures.

    I thing I know for sure: I did and do way better than you.

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  2. spinthathamster
    spinthathamster

    What does davey say?

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  3. purdy

    Energy for move higher is now about spent with this afternoon’s move.

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  4. narcist

    For , is dimensionally consistent.

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